FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
Date of Report: July 10, 1997
PECO ENERGY COMPANY
(Exact name of registrant as specified in its charter)
PENNSYLVANIA 1-1401 23-0970240
(State or other (SEC (IRS Employer
jurisdiction of file number) Identification
incorporation) Number)
230l Market Street, Philadelphia, Pennsylvania 19101
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code:
(215) 841-4000
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Item 5. Other Events
As previously reported in the Company's Current Report on Form 8-K dated
February 27, 1997 and Quarterly Report on Form 10-Q for the quarter ended March
31, 1997, the Company had made an offer to acquire from Cajun Electric Power
Cooperative, Inc. (Cajun) a thirty percent ownership interest in River Bend
Nuclear Station, a 936 megawatt unit which is majority owned and operated by
subsidiaries of Entergy Corp. Subsequently, the Company entered into an
agreement with the bankruptcy trustee of Cajun to purchase the interest. The
agreement contains a provision that permits the Company to terminate the
agreement if its due diligence review reveals a situation which the Company
reasonably believes to be a material adverse condition. On July 10, 1997, the
Company notified Cajun and the trustee that the Company had discovered such a
situation and was terminating the agreement.
* * * *
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
PECO ENERGY COMPANY
s\ J. B. Mitchell
Vice President - Finance
and Treasurer
July 10, 1997
